Important Current Affairs 10th March 2015 with PDF

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Person in News

Anjali Birla

Tata Teleservices’ Anjali Birla has been selected for the International Antarctic Expedition for Climate Change and Sustainability 2015.

Philip Hammond

UK”s Foreign Secretary Philip Hammond will make his first visit to India starting tomorrow during which he is expected to hold talks with External Affairs Minister Sushma Swaraj on key bilateral issues.

Kumar P Barve

Kumar P Barve, the first Indian- American to be elected to a US state legislature, has decided to run for the US Congress in the 2016 elections.

National Affairs

In a first, the Defence Research and Development Organisation will be displaying its products at the 44th edition of All India Police Science Congress at Mahatma Mandir in Gandhinagar, to be held from March 11 to 13.

The J&K govt will not free any more political prisoners or militants, it stated today after release of separatist Masarat Alam created huge strains in the PDP-BJP coalition.

Prime Minister Narendra Modi left for Seychelles today on the first leg of his five-day visit to three key Indian Ocean countries that also includes Mauritius and Sri Lanka, asserting that strong relations with them was “vital” for India””s security and progress.

Pakistan has 10 more nuclear weapons in its arsenal than India with both the countries doubling their stockpiles since 2007, according to Bulletin of the Atomic Scientists’ data.

In 2013, India had 110 nuclear weapons while Pakistan had 120.

However, the United States still has the largest nuclear stockpile (4,804), followed by Russia (4,480) and France (300). The global nuclear stockpile in 2013 was over 10,144.

An influential US Senator Ed Royce today asked Pakistan to either hand over Mumbai attack mastermind Zaki-ur-Rehman Lakhvi to India or present him to the International Criminal Court in the Hague.

The Central Industrial Security Force (CISF) came into existence in 1969 to provide integrated security cover to public sector undertakings and at present has a strength of around 1.4 lakh personnel.

The force is responsible for securing critical infrastructure installations like nuclear installations, space establishments, airports as well as the Delhi Metro.

International Affairs

EU and NATO member Hungary said today it is considering joining the US-led coalition against the Islamic State group in Iraq by sending 100 troops following a US request.

Iran”s foreign minister says a letter from US Republican lawmakers warning that any nuclear deal could be scrapped once President Barack Obama leaves office suggests the United States is “not trustworthy.”

Pakistan has set up a 7,000-strong special protection force to provide security to over 3,000 Chinese nationals working on different projects in Punjab province amid intelligence reports that terrorists may target foreigners in the country, especially Chinese.

Two senior military officials say Iraqi security forces have retaken a town next to the militant-held city of Tikrit as they press their offensive against Islamic State militants.

President Vladimir Putin has said that Russia took over Crimea because it had to protect Crimea”s mostly ethnic-Russian population after pro-Western Ukrainian nationalists came to power in Ukraine.

Israel”s most prestigious prize for literature will not be awarded for 2015 after several judges resigned amid allegations that Prime Minister Benjamin Netanyahu meddled in the selection process.

Football star Samuel Eto”o was honoured Monday for his “inspiring” stand against racism, as the organisers behind the award warned that prejudice still stalked the game in Europe.

Economy

The Current account deficit (CAD) doubled to USD 8.2 billion or 1.6 per cent of the GDP during December quarter on year-on year basis, despite an improvement from the preceding quarter level, according to RBI data released today.

India’s Foreign exchange reserves increased by USD 16.4 billion in nominal terms during the first nine months of the current fiscal.

The government today said the revenue gained from the recently-held coal auctions of 32 mines had surpassed the estimates of the Comptroller and Auditor General for 200 mines.

While the estimates of CAG with regard to coal mines was around Rs 1.86 lakh crore in relation to 200 mines, auctions of 32 mines alone has yielded around Rs 2 lakh crore.

The Reserve Bank bought a record USD 12.137 billion (net) in January from the spot market to contain rupee volatility and to increase forex reserves.

The central bank’s intervention in the foreign exchange market is aimed at curbing volatility in the currency market.

Insurance penetration in India at 3.9 per cent was below the world average of 6.3 per cent in 2013, Parliament was informed today.

The level of insurance penetration depends on a large number of factors like level of economic development of the country, the extent of the savings in financial instruments and the size and reach of the insurance sector, he said.

Tech Mahindra today opened the first Center of Excellence for Google tools in Malaysia, bringing transformational solutions to enterprises across the Asia Pacific region.

Retirement fund body EPFO has formed a six-member expert panel to consider the proposal of facilitating housing to its subscribers.

The committee, to be chaired by Manish Gupta, will submit its report within a month.

The ministry is preparing a mega housing scheme to offer affordable houses to subscribers of EPFO in the backdrop of the government’s mission ‘Housing for all by 2022’.

At present, EPFO subscribers can withdraw money from their PF accounts for buying houses only after contributing for a period of five years in the schemes run by the body.

Five public sector undertakings (PSUs) will be closed down by the government, which has included some of the best known state-run enterprises like Air India, MTNL and Hindustan Shipyard, in the list of 65 sick PSUs, Lok Sabha was informed on Tuesday.

The minister said there were 65 units in the list of sick PSUs as of March 31 last year.

The reasons for their sickness vary from enterprise to enterprise and included obsolete plants and machinery, heavy interest burden, resource crunch, surplus manpower and shortage of working capital.

The Indian economy is likely to grow around 6.5 per cent in 2016 as macroeconomic conditions seem to be improving on the back of lower crude prices and easing inflation, says a McKinsey & Company report.

As per the latest quarterly Employment Outlook Survey of global giant ManpowerGroup released today, Taiwan has topped the charts in terms of hiring plans for the April-June 2015 quarter, followed by India and Japan.

The net employment outlook for India stood at 38 per cent, indicating that job seekers may benefit from a robust hiring pace in the months ahead.

Country’s second largest software services firm Infosys today said its BPO arm has set up a 250-seater centre at Aguadilla, Puerto Rico, aimed at serving the aviation sector.

Sports

With nine straight World Cup wins under their belt, the Mahendra Singh Dhoni-led India stand only second to Ricky Ponting”s Australian side that registered 24 consecutive victories in the showpiece event.